Listing Agency: ELITE Commercial Real Estate Services, LLC Show Phone

Listed By: Hugh Schnip · License #CT RES.0797678

Source: Crexi

Added: May 7, 2018 Changed: Jul 6 Last Checked: Jul 28 at 4:25PM

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Investment Insights

Based on property information with market context.

This 1.3-acre development site is located on Town Street in Norwichtown. It is suitable for mixed-use or retail development, subject to permitting. The property benefits from a suburban location near national brand retailers, area hospitals and medical centers, and the amenities of hometown living. The site is located near the Norwichtown Commons, which includes major national retailers, and is situated in the Backus Medical Area.

Key Highlights

• 1.3 acre development site
• Located on Town Street in Norwichtown
• Permitted for mixed‑use or retail development

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Storage Facility Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

982

Businesses Nearby

Explore this area Business Placement

Demographics for 06360, CT

37,104

Population

17,739

Households

2.1

Avg Household Size

39

Median Age

23%

College-Educated

88%

High-School Grad

26.8 sq mi

ZIP Area

1,384

Density / Sq Mi

$65,848

Median Household Income

$42,287

Median Earnings

$1,207

Median Rent

$233,500

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Commercial land - 1.3-acre development site in Norwichtown near retailers and medical facilities.

Where is this commercial land located?

The property is located at 16 Town St Norwich, CT.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 1.3 acre development site; Located on Town Street in Norwichtown; Permitted for mixed‑use or retail development